Monthly Archive for October, 2007
Friday 26 Oct 2007
On a more personal note - the name of my own company is now Figurate Ltd.
The legal name change at Companies House was quite straightforward. It took a little more time to communicate the change to my clients and bank. However, what will take the longest is changing all the directory/advertising entries that had been set up [...]
Happy Accountant | Companies House, Figurate, Small Business, Working for yourself
Thursday 25 Oct 2007
People to tell:
Your customers
Your employees
Your suppliers
Your bank
HMRC (the tax man)
Professional bodies/trade associations
Other things to do:
maximise the marketing opportunity
change your business stationery
obtain a new domain name and relaunch your website.
update all your advertisements
Happy Accountant | HMRC, Limited Company, Planning, Saving Money, Small Business, Website, Working for yourself
Wednesday 24 Oct 2007
The other method of changing the name of a limited company is by written resolution.
This is a resolution passed unanimously by the members (shareholders) of a company. All the members are then required to sign and date the document.
A Change of Name by Written Resolution form (NC20) is also available for download at the Companies House [...]
Happy Accountant | Companies House, Company Secretarial, Limited Company, Small Business, Website
Tuesday 23 Oct 2007
There are two ways of changing the name of a limited company, the first of these is by Special Resolution.
This is a resolution that must be passed at a general meeting of the company with a majority of 75%. An ordinary resolution only requres a 51% majority.
A Change of Name by Special Resolution form (NC19) [...]
Happy Accountant | Companies House, Company Secretarial, Limited Company, Small Business, Working for yourself
Monday 22 Oct 2007
It’s always best to chose a good name for your business at the outset , but in case you hadn’t, it is possible to change the name of a limited company after it’s registered.
You must first check to make sure that the new name you have chosen is available. This can be done online using Comapnies House [...]
Happy Accountant | Companies House, Company Secretarial, Limited Company, Small Business, Working for yourself
Friday 12 Oct 2007
I know it’s a cliche but time management is even more important when working from home to avoid an unproductive merging of work/home/family. Here are just a few blogs on work/time management sites:
Time Management at Home
A Matter of Time
Mark Forster
Pick the Business
Happy Accountant | Friday Blog, Small Business, Working for yourself
Thursday 11 Oct 2007
Sometimes, goods might be unsaleable for one of the following reasons:
the goods might be lost or stolen
the goods might be damaged, and therefore worthless
the goods might become obsolete
When goods are lost, stolen or disposed of, the business will make a loss on them, because they will have zero sales value.
Similarly, if goods become obsolete and [...]
Happy Accountant | Accountancy, Accounting, Bookkeeping
Wednesday 10 Oct 2007
Carriage is the cost of transporting goods from the supplier to the business which has purchased them. Sometimes the supplier pays and sometimes the buyer pays.
If the supplier pays, the cost to the supplier is called “carriage outwards” and if the buyer pays, the cost to the buyer is called “carriage inwards”.
Carriage inwards is usually [...]
Happy Accountant | Accountancy, Accounting, Bookkeeping
Tuesday 09 Oct 2007
The cost of goods sold is calculated as follows:
£
Opening stock value X
Add cost of purchases (or production, if manufacturing) X
Less closing stock value (X)
Equals cost of goods sold X
That is, to match sales and the cost of goods sold, you need to adjust the cost of goods sold, to allow for increases or decreases [...]
Happy Accountant | Accountancy, Accounting, Bookkeeping
Monday 08 Oct 2007
Goods may be unsold at the end of an accounting period and therefore, still be in stock. The purchase cost of these goods should therefore NOT be included in the cost of sales of the period.
For example, suppose Widgets & Co (who have no stock at the start of the year) purchase 40,000 widgets for £20,000 [...]
Happy Accountant | Accountancy, Accounting, Bookkeeping
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